OPF:FIN902S Corporate Finance A - Informace o předmětu
FIN902S Corporate Finance A
Obchodně podnikatelská fakulta v Karvinéléto 2008
- Rozsah
- 1/2/0. 5 kr. Ukončení: z.
- Garance
- Ing. Michaela Roubíčková, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné - Omezení zápisu do předmětu
- Předmět je otevřen studentům libovolného oboru.
- Cíle předmětu
- The purpose of this course is to develop an understanding of the evolving theory of Corporate Finance so that the students can evaluate the firm's investment, short-term and long-term financing in keeping with an objective of maximizing shareholders wealth. This course presents an application of analytical techniques to a variety of problems in corporate finance necessary for a solid understanding of the environment in which financial decisions are made.
- Osnova
- Topics covered:
1. Corporate Finance - An Overview
What is corporate finance? Corporate securities as contingent claims on total firm value, the corporate firm, goals of the firm, the theories of firm.
2. Capital Budgeting
The financial market economy, the competitive market, the basic principles, making consumption choices, corporate investment decision-making,
3. Investment - Basic Investment Rules
Future value, present value, net present value. Simplifications - perpetuity, growing perpetuity, annuity, growing annuity. Basic investment rules - net present value, internal rate of return, profitability index, payback period, discounted payback period. Net present value and capital budgeting, net present value and inflation.
4. Risk Concepts and Valuation
Risk statistics, normal distribution and its implications for standard deviation, discount rate for risky projects, risk of simple portfolio.
5. Capital Structure
Influence of capital structure on firm's value, Modigliani and Miller analysis, costs of capital, financial leverage and firm value.
6. Long-term Financing
Issuing equity securities to the public, long-term debt, the public issue of bonds, warrants and convertibles, leasing, hedging risk.
7. Short-term Financing
Tracing cash and net working capital, the operating cycle and the cash cycle, cash budgeting and cash management, credit management. The decision to grant credit: risk and information, optimal credit policy, credit analysis.
8. International Corporate Finance
International capital budgeting, international financial decisions, international capital structure, exchange-rate risk
- Topics covered:
- Literatura
- povinná literatura
- BLOCK, SB, GEOFFREY, GA . Foundations of Financial Management. Boston: McGraw-Hill,, 2005. ISBN 0-07-284229-6. info
- BURKLEY, A., ROSS, SA., WESTERFIELD, RW., JAFFE, JF. Corporate Finance Europe. Cambridge: McGraw-Hill, 2004. ISBN 0-256-13473-1. info
- neurčeno
- ROSS, SR, WESTERFIELD, RW, JORDAN, BD . Fundamentals of Corporate Finance 7th Edition,. Boston: McGraw-Hill, 2006. ISBN 0-07-319262-7. info
- Informace učitele
- discussion, claswork, test
- Další komentáře
- Předmět je dovoleno ukončit i mimo zkouškové období.
- Statistika zápisu (léto 2008, nejnovější)
- Permalink: https://is.slu.cz/predmet/opf/leto2008/FIN902S